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(WIVB) – M&T Financial institution is changing into one of many nation’s largest banks after making a brand new buy.
It’s shopping for Individuals’s United Monetary- a financial institution headquartered in Connecticut.
The acquisition will make M&T Financial institution the eleventh largest within the nation.
The hometown financial institution will now have greater than a thousand branches alongside the East Coast.
Its property can be greater than $200 billion.
The sale isn’t closing yet- it’s anticipated to occur on the finish of the 12 months.